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PZU jointly with PFR signed an agreement with UniCredit S.p.A. for the purchase of 32.8% of the shares of Bank Pekao S.A. for a total amount of PLN10.6bn. The purchase price per share is PLN 123. This makes it one of the largest transactions in the European banking sector in recent years. ...

In Q3 2016 the PZU Group posted consolidated net profit (attributable to the parent company) of PLN 649 million compared to PLN 511 million in the corresponding period of 2015 (up 27%). This has made it possible to post a cumulative profit of PLN 1,309 million during the first 9 months of 2016.

The PZU Group’s updated strategy calls for focusing on costs, innovation and growth. PZU will concentrate more strongly on the profitability of its insurance business and developing innovative tools in business management and customer service.

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Press Office do not provide any details of specific insurance contracts. In accordance with applicable regulations, authorized to intervene in those cases are, among others, Ombudsman, Financial Ombudsman etc.